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|U.S. SEC charges ex-executives over accounting at govt contractor L3 - |
U.S. regulators on Friday filed civil charges against two former executives at government contractor L3 Technologies over accounting violations that led the company to improperly recognize $17.9 million in revenue from a contract with the U.S. Army. The Securities and Exchange Commission said that David Pruitt, former vice president of finance in the Army Sustainment Division at L3, plans to fight the charges, while L3's former Army Sustainment Division president Mark Wentlent has agreed to settle related charges. The company previously settled with the SEC in January and paid a $1.6 million penalty.
|U.N. says 'deeply troubled' by Arkansas executions - |
The United Nations human rights office voiced deep concern on Friday at the execution of four men in Arkansas in the past week saying that the rush to carry them out before a drug expired added to the "arbitrariness and cruelty" of the process. Arkansas on Thursday executed its fourth inmate in eight days, administering a lethal injection to a man who killed two people after escaping from a prison where he had been serving a life sentence for murdering a woman. "We are deeply troubled that, after a 12 year de facto moratorium on the use of the death penalty, the U.S. state of Arkansas has executed four men in the space of eight days," U.N. human rights spokeswoman Liz Throssell told a news briefing.
|More Americans say race relations deteriorating: Reuters poll - |
Tiffany Cartagena said she was eating with her mixed-race girlfriend at a restaurant in Ohio last month when she heard nearby diners remark about the "monkey" at the next table. Denver resident Gwendolyn Mami, an African-American, was on a January flight when another passenger proclaimed President Donald Trump's proposed border wall would stem the flow of "those people", she recalled. Allen Dees, a white Louisiana house painter, said two black men hurled racial slurs at him in March and told him to get out of their neighborhood.
|Next battleground: An aging Great Lakes pipeline stirs new protest - |
Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac. The firm plans to add 18 additional supports in the Straits this summer, he said.
|Kentucky's pension deal offers lessons on risks, cost cuts - |
When Kentucky's public pension put U.S. buyout firm KKR & Co LP in charge of its hedge fund investments in May 2015, its board expected the deal to save money and boost its returns. For the Wall Street firm the deal paid off - over more than a year its unit, KKR Prisma, increased by nearly half the amount of money it managed on Kentucky’s behalf and its fee income rose by at least a quarter, according to KKR Prisma documents seen by Reuters. Kentucky, so far, has come up short.